It wasn't just ONE wrong horse. Jikh has an entire history of this. People went ape-shit for BlockFi because he kept pimping them in promotions. They lost everything. People went ape-shit for FTX when he kept promoting them too every silly video. Same outcome. Every year he goes on about how Bitcoin will REALLY hit 100K this year. And then he apologizes for screwing that up the prior year, but will say, "I'm pretty sure this year is it!" LMAO He pumped up so much NFT hype, again, that bubble popped... He's got more people to buy stupidly over-inflated bubbles than anyone else probably on the platform. I just looked recently and I see he's got a NEW fly-by-night operation he's starting to pimp/pump all over again. I wouldn't be surprised if Jikh was rated one of the most dangerous influencers out there. The reason is he does a quick little bit of research, then posts a bunch of stuff on the economy and the Fed in his videos. I'm not saying everything he posts is wrong, some of it can and is useful info for those who are not in the know. However, this is what adds some sense of influence/credibility/guru status to him and the retailer watching it just eats it all up and drinks the cool-aid of whatever item he's going to promote next. Generally, everything he pushes never ends well... I wonder when he'll do a Tesla video again. LOL! I suppose I will say one good thing about his videos. Back when he had the Doge Boy Meme guy on some of his vids, I don't remember Jikh recommending people do the same bat-shit crazy thing... So Jikh was actually right about SOMETHING. Even though it should have been common sense to 99.999999%. Perhaps this is no surprise, the Doge-boy aint a multi-millionaire anymore. Easy come, easy go.
Big difference between criminal intent (Logan Paul) and ineptitude (Andre Jikh). Jikh lose as much or more than most of his followers. Paul barely lost a dime. In the case of Jikh, the saying "Fool me once, shame on you. Fool me twice, shame on me." has never been more apropos. FYI, when I said bet on the wrong horse, I meant the entirety of his wrong moves. Shafer had a YouTube mocking Jikh's foray into the LV rental market, showing him continually reducing his rental ask price. It was a bad move but at the time, few people could forecast the economy would tank so hard.
That's like saying we should feel sorry for O'Leary because he lost 15 million dollars in FTX fall-out, and this is far more than his actual followers. FTX actually GAVE him that money just for being the poster-boy for FTX. That $ Jikh lost was actually FROM promoting FTX and the other failed investments he has pumped.
No man, O'Leary was on a pure freeroll. And was a STAUNCH opposer of crypto before he bought out. Every man has got a price. Jikh lost way more money than what he made from endorsements. Dude truly bought into the Kool-Aid. When he said he believed in the movement, he was talking from the heart. O'Leary only believe once he got the huge payout.
That would be true unless their wallets get pickpocketed. https://finance.yahoo.com/news/crypto-wallet-bitkeep-points-malicious-120604221.html
I remember seeing that JPow meme on r/wsb back in October when the rally collapsed. Who knew that Q3 GDP would be up 3.2% and Q4 is currently tracking at 3.7%. It won't be negative any time soon. Probably 2023 Q3 if you're lucky. That means more pain for the markets especially the worthless negative infinity P/E stocks aka ARKK.
I was being sarcastic. It's an inside joke. But thanks for pointing another weak point in this whole huge ponzi scheme. Crypto is dead. Until it gets regulated.